Couple Loses $9.2 Million In LinkedIn Romance Scam: 'No One .. Has Heard Of A Crypto Fraud Case As Big'
Portfolio Pulse from Mehab Qureshi
A couple from Eden Prairie, Minnesota, lost over $9 million in a cryptocurrency romance scam conducted through LinkedIn. The man was convinced by an individual on LinkedIn to invest in a scheme that promised massive returns. The funds were used by the scammers to purchase cryptocurrencies for their own benefit. The scam involved a fraudulent entity called 'Coinrule-web3'.
August 04, 2023 | 1:04 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
The news of the scam may create a negative sentiment around Bitcoin and cryptocurrencies in general, potentially affecting the price of Bitcoin in the short term.
The news of such a large-scale scam could create a negative sentiment around cryptocurrencies, including Bitcoin. This could lead to a decrease in demand and subsequently, a decrease in the price of Bitcoin in the short term.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50